Savings Plan and Future Cost Estimation for Columbus College of Art and Design

How much will it cost and what do you need to save?

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$133,908
Monthly savings required$1,060

How much will it cost to send your child to Columbus College of Art and Design in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $535,632.18 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,060.00 into a 529 or other college savings plan earning and after tax or tax exempt return of 7% will be necessary to achieve this balance.

Assumptions

Current Annual Cost$51,638.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,060.00 $0.00 $0.00 $1,060.00
2 $1,060.00 $1,060.00 $0.00 $5.99 $2,125.99
3 $2,125.99 $1,060.00 $0.00 $12.02 $3,198.01
4 $3,198.01 $1,060.00 $0.00 $18.08 $4,276.09
5 $4,276.09 $1,060.00 $0.00 $24.18 $5,360.27
6 $5,360.27 $1,060.00 $0.00 $30.31 $6,450.58
7 $6,450.58 $1,060.00 $0.00 $36.47 $7,547.05
8 $7,547.05 $1,060.00 $0.00 $42.67 $8,649.72
9 $8,649.72 $1,060.00 $0.00 $48.91 $9,758.63
10 $9,758.63 $1,060.00 $0.00 $55.18 $10,873.81
11 $10,873.81 $1,060.00 $0.00 $61.48 $11,995.29
12 $11,995.29 $1,060.00 $0.00 $67.82 $13,123.11
13 $13,123.11 $1,060.00 $0.00 $74.20 $14,257.31
14 $14,257.31 $1,060.00 $0.00 $80.61 $15,397.92
15 $15,397.92 $1,060.00 $0.00 $87.06 $16,544.98
16 $16,544.98 $1,060.00 $0.00 $93.55 $17,698.53
17 $17,698.53 $1,060.00 $0.00 $100.07 $18,858.60
18 $18,858.60 $1,060.00 $0.00 $106.63 $20,025.23
19 $20,025.23 $1,060.00 $0.00 $113.23 $21,198.46
20 $21,198.46 $1,060.00 $0.00 $119.86 $22,378.32
21 $22,378.32 $1,060.00 $0.00 $126.53 $23,564.85
22 $23,564.85 $1,060.00 $0.00 $133.24 $24,758.09
23 $24,758.09 $1,060.00 $0.00 $139.99 $25,958.08
24 $25,958.08 $1,060.00 $0.00 $146.77 $27,164.85
25 $27,164.85 $1,060.00 $0.00 $153.59 $28,378.44
26 $28,378.44 $1,060.00 $0.00 $160.46 $29,598.90
27 $29,598.90 $1,060.00 $0.00 $167.36 $30,826.26
28 $30,826.26 $1,060.00 $0.00 $174.30 $32,060.56
29 $32,060.56 $1,060.00 $0.00 $181.28 $33,301.84
30 $33,301.84 $1,060.00 $0.00 $188.29 $34,550.13
31 $34,550.13 $1,060.00 $0.00 $195.35 $35,805.48
32 $35,805.48 $1,060.00 $0.00 $202.45 $37,067.93
33 $37,067.93 $1,060.00 $0.00 $209.59 $38,337.52
34 $38,337.52 $1,060.00 $0.00 $216.77 $39,614.29
35 $39,614.29 $1,060.00 $0.00 $223.98 $40,898.27
36 $40,898.27 $1,060.00 $0.00 $231.24 $42,189.51
37 $42,189.51 $1,060.00 $0.00 $238.55 $43,488.06
38 $43,488.06 $1,060.00 $0.00 $245.89 $44,793.95
39 $44,793.95 $1,060.00 $0.00 $253.27 $46,107.22
40 $46,107.22 $1,060.00 $0.00 $260.70 $47,427.92
41 $47,427.92 $1,060.00 $0.00 $268.16 $48,756.08
42 $48,756.08 $1,060.00 $0.00 $275.67 $50,091.75
43 $50,091.75 $1,060.00 $0.00 $283.23 $51,434.98
44 $51,434.98 $1,060.00 $0.00 $290.82 $52,785.80
45 $52,785.80 $1,060.00 $0.00 $298.46 $54,144.26
46 $54,144.26 $1,060.00 $0.00 $306.14 $55,510.40
47 $55,510.40 $1,060.00 $0.00 $313.86 $56,884.26
48 $56,884.26 $1,060.00 $0.00 $321.63 $58,265.89
49 $58,265.89 $1,060.00 $0.00 $329.44 $59,655.33
50 $59,655.33 $1,060.00 $0.00 $337.30 $61,052.63
51 $61,052.63 $1,060.00 $0.00 $345.20 $62,457.83
52 $62,457.83 $1,060.00 $0.00 $353.15 $63,870.98
53 $63,870.98 $1,060.00 $0.00 $361.14 $65,292.12
54 $65,292.12 $1,060.00 $0.00 $369.17 $66,721.29
55 $66,721.29 $1,060.00 $0.00 $377.25 $68,158.54
56 $68,158.54 $1,060.00 $0.00 $385.38 $69,603.92
57 $69,603.92 $1,060.00 $0.00 $393.55 $71,057.47
58 $71,057.47 $1,060.00 $0.00 $401.77 $72,519.24
59 $72,519.24 $1,060.00 $0.00 $410.03 $73,989.27
60 $73,989.27 $1,060.00 $0.00 $418.35 $75,467.62
61 $75,467.62 $1,060.00 $0.00 $426.70 $76,954.32
62 $76,954.32 $1,060.00 $0.00 $435.11 $78,449.43
63 $78,449.43 $1,060.00 $0.00 $443.56 $79,952.99
64 $79,952.99 $1,060.00 $0.00 $452.07 $81,465.06
65 $81,465.06 $1,060.00 $0.00 $460.62 $82,985.68
66 $82,985.68 $1,060.00 $0.00 $469.21 $84,514.89
67 $84,514.89 $1,060.00 $0.00 $477.86 $86,052.75
68 $86,052.75 $1,060.00 $0.00 $486.55 $87,599.30
69 $87,599.30 $1,060.00 $0.00 $495.30 $89,154.60
70 $89,154.60 $1,060.00 $0.00 $504.09 $90,718.69
71 $90,718.69 $1,060.00 $0.00 $512.94 $92,291.63
72 $92,291.63 $1,060.00 $0.00 $521.83 $93,873.46
73 $93,873.46 $1,060.00 $0.00 $530.77 $95,464.23
74 $95,464.23 $1,060.00 $0.00 $539.77 $97,064.00
75 $97,064.00 $1,060.00 $0.00 $548.81 $98,672.81
76 $98,672.81 $1,060.00 $0.00 $557.91 $100,290.72
77 $100,290.72 $1,060.00 $0.00 $567.06 $101,917.78
78 $101,917.78 $1,060.00 $0.00 $576.26 $103,554.04
79 $103,554.04 $1,060.00 $0.00 $585.51 $105,199.55
80 $105,199.55 $1,060.00 $0.00 $594.81 $106,854.36
81 $106,854.36 $1,060.00 $0.00 $604.17 $108,518.53
82 $108,518.53 $1,060.00 $0.00 $613.58 $110,192.11
83 $110,192.11 $1,060.00 $0.00 $623.04 $111,875.15
84 $111,875.15 $1,060.00 $0.00 $632.56 $113,567.71
85 $113,567.71 $1,060.00 $0.00 $642.13 $115,269.84
86 $115,269.84 $1,060.00 $0.00 $651.75 $116,981.59
87 $116,981.59 $1,060.00 $0.00 $661.43 $118,703.02
88 $118,703.02 $1,060.00 $0.00 $671.16 $120,434.18
89 $120,434.18 $1,060.00 $0.00 $680.95 $122,175.13
90 $122,175.13 $1,060.00 $0.00 $690.80 $123,925.93
91 $123,925.93 $1,060.00 $0.00 $700.70 $125,686.63
92 $125,686.63 $1,060.00 $0.00 $710.65 $127,457.28
93 $127,457.28 $1,060.00 $0.00 $720.66 $129,237.94
94 $129,237.94 $1,060.00 $0.00 $730.73 $131,028.67
95 $131,028.67 $1,060.00 $0.00 $740.86 $132,829.53
96 $132,829.53 $1,060.00 $0.00 $751.04 $134,640.57
97 $134,640.57 $1,060.00 $0.00 $761.28 $136,461.85
98 $136,461.85 $1,060.00 $0.00 $771.58 $138,293.43
99 $138,293.43 $1,060.00 $0.00 $781.93 $140,135.36
100 $140,135.36 $1,060.00 $0.00 $792.35 $141,987.71
101 $141,987.71 $1,060.00 $0.00 $802.82 $143,850.53
102 $143,850.53 $1,060.00 $0.00 $813.35 $145,723.88
103 $145,723.88 $1,060.00 $0.00 $823.94 $147,607.82
104 $147,607.82 $1,060.00 $0.00 $834.60 $149,502.42
105 $149,502.42 $1,060.00 $0.00 $845.31 $151,407.73
106 $151,407.73 $1,060.00 $0.00 $856.08 $153,323.81
107 $153,323.81 $1,060.00 $0.00 $866.92 $155,250.73
108 $155,250.73 $1,060.00 $0.00 $877.81 $157,188.54
109 $157,188.54 $1,060.00 $0.00 $888.77 $159,137.31
110 $159,137.31 $1,060.00 $0.00 $899.79 $161,097.10
111 $161,097.10 $1,060.00 $0.00 $910.87 $163,067.97
112 $163,067.97 $1,060.00 $0.00 $922.01 $165,049.98
113 $165,049.98 $1,060.00 $0.00 $933.22 $167,043.20
114 $167,043.20 $1,060.00 $0.00 $944.49 $169,047.69
115 $169,047.69 $1,060.00 $0.00 $955.82 $171,063.51
116 $171,063.51 $1,060.00 $0.00 $967.22 $173,090.73
117 $173,090.73 $1,060.00 $0.00 $978.68 $175,129.41
118 $175,129.41 $1,060.00 $0.00 $990.21 $177,179.62
119 $177,179.62 $1,060.00 $0.00 $1,001.80 $179,241.42
120 $179,241.42 $1,060.00 $0.00 $1,013.46 $181,314.88
121 $181,314.88 $1,060.00 $0.00 $1,025.18 $183,400.06
122 $183,400.06 $1,060.00 $0.00 $1,036.97 $185,497.03
123 $185,497.03 $1,060.00 $0.00 $1,048.83 $187,605.86
124 $187,605.86 $1,060.00 $0.00 $1,060.75 $189,726.61
125 $189,726.61 $1,060.00 $0.00 $1,072.74 $191,859.35
126 $191,859.35 $1,060.00 $0.00 $1,084.80 $194,004.15
127 $194,004.15 $1,060.00 $0.00 $1,096.93 $196,161.08
128 $196,161.08 $1,060.00 $0.00 $1,109.12 $198,330.20
129 $198,330.20 $1,060.00 $0.00 $1,121.39 $200,511.59
130 $200,511.59 $1,060.00 $0.00 $1,133.72 $202,705.31
131 $202,705.31 $1,060.00 $0.00 $1,146.13 $204,911.44
132 $204,911.44 $1,060.00 $0.00 $1,158.60 $207,130.04
133 $207,130.04 $1,060.00 $0.00 $1,171.14 $209,361.18
134 $209,361.18 $1,060.00 $0.00 $1,183.76 $211,604.94
135 $211,604.94 $1,060.00 $0.00 $1,196.45 $213,861.39
136 $213,861.39 $1,060.00 $0.00 $1,209.20 $216,130.59
137 $216,130.59 $1,060.00 $0.00 $1,222.03 $218,412.62
138 $218,412.62 $1,060.00 $0.00 $1,234.94 $220,707.56
139 $220,707.56 $1,060.00 $0.00 $1,247.91 $223,015.47
140 $223,015.47 $1,060.00 $0.00 $1,260.96 $225,336.43
141 $225,336.43 $1,060.00 $0.00 $1,274.08 $227,670.51
142 $227,670.51 $1,060.00 $0.00 $1,287.28 $230,017.79
143 $230,017.79 $1,060.00 $0.00 $1,300.55 $232,378.34
144 $232,378.34 $1,060.00 $0.00 $1,313.90 $234,752.24
145 $234,752.24 $1,060.00 $0.00 $1,327.32 $237,139.56
146 $237,139.56 $1,060.00 $0.00 $1,340.82 $239,540.38
147 $239,540.38 $1,060.00 $0.00 $1,354.40 $241,954.78
148 $241,954.78 $1,060.00 $0.00 $1,368.05 $244,382.83
149 $244,382.83 $1,060.00 $0.00 $1,381.78 $246,824.61
150 $246,824.61 $1,060.00 $0.00 $1,395.58 $249,280.19
151 $249,280.19 $1,060.00 $0.00 $1,409.47 $251,749.66
152 $251,749.66 $1,060.00 $0.00 $1,423.43 $254,233.09
153 $254,233.09 $1,060.00 $0.00 $1,437.47 $256,730.56
154 $256,730.56 $1,060.00 $0.00 $1,451.59 $259,242.15
155 $259,242.15 $1,060.00 $0.00 $1,465.79 $261,767.94
156 $261,767.94 $1,060.00 $0.00 $1,480.07 $264,308.01
157 $264,308.01 $1,060.00 $0.00 $1,494.44 $266,862.45
158 $266,862.45 $1,060.00 $0.00 $1,508.88 $269,431.33
159 $269,431.33 $1,060.00 $0.00 $1,523.40 $272,014.73
160 $272,014.73 $1,060.00 $0.00 $1,538.01 $274,612.74
161 $274,612.74 $1,060.00 $0.00 $1,552.70 $277,225.44
162 $277,225.44 $1,060.00 $0.00 $1,567.47 $279,852.91
163 $279,852.91 $1,060.00 $0.00 $1,582.33 $282,495.24
164 $282,495.24 $1,060.00 $0.00 $1,597.27 $285,152.51
165 $285,152.51 $1,060.00 $0.00 $1,612.29 $287,824.80
166 $287,824.80 $1,060.00 $0.00 $1,627.40 $290,512.20
167 $290,512.20 $1,060.00 $0.00 $1,642.60 $293,214.80
168 $293,214.80 $1,060.00 $0.00 $1,657.88 $295,932.68
169 $295,932.68 $1,060.00 $0.00 $1,673.25 $298,665.93
170 $298,665.93 $1,060.00 $0.00 $1,688.70 $301,414.63
171 $301,414.63 $1,060.00 $0.00 $1,704.24 $304,178.87
172 $304,178.87 $1,060.00 $0.00 $1,719.87 $306,958.74
173 $306,958.74 $1,060.00 $0.00 $1,735.59 $309,754.33
174 $309,754.33 $1,060.00 $0.00 $1,751.40 $312,565.73
175 $312,565.73 $1,060.00 $0.00 $1,767.29 $315,393.02
176 $315,393.02 $1,060.00 $0.00 $1,783.28 $318,236.30
177 $318,236.30 $1,060.00 $0.00 $1,799.35 $321,095.65
178 $321,095.65 $1,060.00 $0.00 $1,815.52 $323,971.17
179 $323,971.17 $1,060.00 $0.00 $1,831.78 $326,862.95
180 $326,862.95 $1,060.00 $0.00 $1,848.13 $329,771.08
181 $329,771.08 $1,060.00 $0.00 $1,864.57 $332,695.65
182 $332,695.65 $1,060.00 $0.00 $1,881.11 $335,636.76
183 $335,636.76 $1,060.00 $0.00 $1,897.74 $338,594.50
184 $338,594.50 $1,060.00 $0.00 $1,914.46 $341,568.96
185 $341,568.96 $1,060.00 $0.00 $1,931.28 $344,560.24
186 $344,560.24 $1,060.00 $0.00 $1,948.19 $347,568.43
187 $347,568.43 $1,060.00 $0.00 $1,965.20 $350,593.63
188 $350,593.63 $1,060.00 $0.00 $1,982.31 $353,635.94
189 $353,635.94 $1,060.00 $0.00 $1,999.51 $356,695.45
190 $356,695.45 $1,060.00 $0.00 $2,016.81 $359,772.26
191 $359,772.26 $1,060.00 $0.00 $2,034.20 $362,866.46
192 $362,866.46 $1,060.00 $0.00 $2,051.70 $365,978.16
193 $365,978.16 $1,060.00 $0.00 $2,069.29 $369,107.45
194 $369,107.45 $1,060.00 $0.00 $2,086.99 $372,254.44
195 $372,254.44 $1,060.00 $0.00 $2,104.78 $375,419.22
196 $375,419.22 $1,060.00 $0.00 $2,122.67 $378,601.89
197 $378,601.89 $1,060.00 $0.00 $2,140.67 $381,802.56
198 $381,802.56 $1,060.00 $0.00 $2,158.77 $385,021.33
199 $385,021.33 $1,060.00 $0.00 $2,176.97 $388,258.30
200 $388,258.30 $1,060.00 $0.00 $2,195.27 $391,513.57
201 $391,513.57 $1,060.00 $0.00 $2,213.67 $394,787.24
202 $394,787.24 $1,060.00 $0.00 $2,232.18 $398,079.42
203 $398,079.42 $1,060.00 $0.00 $2,250.80 $401,390.22
204 $401,390.22 $1,060.00 $0.00 $2,269.52 $404,719.74
205 $404,719.74 $1,060.00 $0.00 $2,288.34 $408,068.08
206 $408,068.08 $1,060.00 $0.00 $2,307.28 $411,435.36
207 $411,435.36 $1,060.00 $0.00 $2,326.32 $414,821.68
208 $414,821.68 $1,060.00 $0.00 $2,345.46 $418,227.14
209 $418,227.14 $1,060.00 $0.00 $2,364.72 $421,651.86
210 $421,651.86 $1,060.00 $0.00 $2,384.08 $425,095.94
211 $425,095.94 $1,060.00 $0.00 $2,403.55 $428,559.49
212 $428,559.49 $1,060.00 $0.00 $2,423.14 $432,042.63
213 $432,042.63 $1,060.00 $0.00 $2,442.83 $435,545.46
214 $435,545.46 $1,060.00 $0.00 $2,462.64 $439,068.10
215 $439,068.10 $1,060.00 $0.00 $2,482.55 $442,610.65
216 $442,610.65 $1,060.00 $0.00 $2,502.58 $446,173.23
217 $446,173.23 $1,060.00 $124,273.00 $2,522.73 $325,482.96
218 $325,482.96 $1,060.00 $0.00 $1,840.33 $328,383.29
219 $328,383.29 $1,060.00 $0.00 $1,856.73 $331,300.02
220 $331,300.02 $1,060.00 $0.00 $1,873.22 $334,233.24
221 $334,233.24 $1,060.00 $0.00 $1,889.80 $337,183.04
222 $337,183.04 $1,060.00 $0.00 $1,906.48 $340,149.52
223 $340,149.52 $1,060.00 $0.00 $1,923.25 $343,132.77
224 $343,132.77 $1,060.00 $0.00 $1,940.12 $346,132.89
225 $346,132.89 $1,060.00 $0.00 $1,957.09 $349,149.98
226 $349,149.98 $1,060.00 $0.00 $1,974.14 $352,184.12
227 $352,184.12 $1,060.00 $0.00 $1,991.30 $355,235.42
228 $355,235.42 $1,060.00 $0.00 $2,008.55 $358,303.97
229 $358,303.97 $1,060.00 $130,486.65 $2,025.90 $230,903.22
230 $230,903.22 $1,060.00 $0.00 $1,305.56 $233,268.78
231 $233,268.78 $1,060.00 $0.00 $1,318.94 $235,647.72
232 $235,647.72 $1,060.00 $0.00 $1,332.39 $238,040.11
233 $238,040.11 $1,060.00 $0.00 $1,345.91 $240,446.02
234 $240,446.02 $1,060.00 $0.00 $1,359.52 $242,865.54
235 $242,865.54 $1,060.00 $0.00 $1,373.20 $245,298.74
236 $245,298.74 $1,060.00 $0.00 $1,386.95 $247,745.69
237 $247,745.69 $1,060.00 $0.00 $1,400.79 $250,206.48
238 $250,206.48 $1,060.00 $0.00 $1,414.70 $252,681.18
239 $252,681.18 $1,060.00 $0.00 $1,428.70 $255,169.88
240 $255,169.88 $1,060.00 $0.00 $1,442.77 $257,672.65
241 $257,672.65 $1,060.00 $137,010.99 $1,456.92 $123,178.58
242 $123,178.58 $1,060.00 $0.00 $696.47 $124,935.05
243 $124,935.05 $1,060.00 $0.00 $706.40 $126,701.45
244 $126,701.45 $1,060.00 $0.00 $716.39 $128,477.84
245 $128,477.84 $1,060.00 $0.00 $726.43 $130,264.27
246 $130,264.27 $1,060.00 $0.00 $736.53 $132,060.80
247 $132,060.80 $1,060.00 $0.00 $746.69 $133,867.49
248 $133,867.49 $1,060.00 $0.00 $756.91 $135,684.40
249 $135,684.40 $1,060.00 $0.00 $767.18 $137,511.58
250 $137,511.58 $1,060.00 $0.00 $777.51 $139,349.09
251 $139,349.09 $1,060.00 $0.00 $787.90 $141,196.99
252 $141,196.99 $1,060.00 $0.00 $798.35 $143,055.34
253 $143,055.34 $0.00 $143,861.54 $808.86 $2.66